Modified Payments Sample Clauses

Modified Payments. Use the first area available for the “Modified Gross” lease definition to list every expense the Lessee must pay for in addition to the defined rent amount (i.e. waste disposal) and the second area in this item to list every monthly expense the Lessor must maintain for the duration of this lease (i.e. water). (29) Triple Net (NNN). If the Lessee will be expected to take on certain responsibilities in addition to the rent amount such as the expenses needed to operate a Business on the leased premises the taxes owed for the property making up the leased premises, and insurance, then select the “Triple Net (NNN)” option. This selection must be acknowledged by both the Lessee’s initials (“Tenant”) and Lessor’s initials (“Landlord”). (30)
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Modified Payments. Use the first area available for the “Modified Gross” lease definition to list every expense the Lessee must pay for in addition to the defined rent amount (i.e. waste disposal) and the second area in this item to list every monthly expense the Lessor must maintain for the duration of this lease (i.e. water).
Sample 1
Modified Payments. Generally, this will be a Business Entity therefore make sure to identify this Party by its formal name. Download: Adobe PDF, MS Word, OpenDocument Month-to-Month Lease – For commercial tenants renting for 30-day periods. Retail Retail properties are ideal for most shopping centers, restaurants and small shops. The Lessor may be responsible for some of these improvements to the leased property or this cost can be covered by the Lessee. Office space or store is almost need of all businesses and companies to run their business affairs effectively and large number of companies like to take properties on rent or lease instead of buying because it lessen the cost for business. Download: Adobe PDF, MS Word, OpenDocument Booth (Massage) Rental Agreement – For a therapist that is seeking to rent a room or share space within a spa. This way the signatures are proven and the agreement is much more likely to hold up in court if its legality is ever questioned. The annual rent is calculated as a price per square foot ($/SF) of the usable space with 1/12th due each month. This rule is only grandfathered to properties that have not been built or had renovations since 1992. Popular Commercial Listing Websites Step 6 – Negotiating the Lease When dealing with a prospective tenant it is best to understand their needs and come to an agreement. The Entity that shall pay the Lessor for the right to occupy and conduct business on the commercial property is the Lessee. Option to Purchase – Use if the tenant would like the option to purchase the property for a specified price during the course of their lease. Here is the download button to download it. (14)
Sample 1
Modified Payments. 24 Calendar Months commencing on the first of the month following signed acceptance of the terms of this contract. (18)
Sample 1
Modified Payments. If the rent remains unpaid for the number of days recorded in Article VII’s statement, then a late fee may be collected. XXV Notices (42) Lessor Information. (2) Name Of Lessor. The two-digit calendar day when the Lessee must submit the monthly rent to the Lessor is needed to complete the statement made in the fifth article. XXIV. Step 4 – Hire an Agent or Market the Property Yourself Now you will need to get the property listed. Download: Adobe PDF, MS Word, OpenDocument Co-Working Space Agreement – For office space that is shared amongst many tenants. IX. There may need to be more special provisions made depending on the property type or business. When trying to figure the rental amount, it is a good idea to set the price that is close to what others are asking in your area. Download: Adobe PDF, MS Word, OpenDocument Month-to-Month Lease – For commercial tenants renting for 30-day periods. Late Fee (23)
Sample 1
Modified Payments. Office Office commercial properties include a large subset of buildings used for business operations. The full name of the Person or Entity that has the legal right to rent the commercial space is required by the wording of the first article. Step 4 – Hire an Agent or Market the Property Yourself Now you will need to get the property listed. Expenses (26) Gross Lease. (47) Printed Name Of Lessee (48) Lessor’s Signature. Report the maximum number of days the rent may go unpaid before a late fee is charged to the space available in the seventh article. Produce the number of years and/months this lease will be effective. There may need to be more special provisions made depending on the property type or business. This provision shall require additional information. This requires a physical measurement of the length of each wall and (if relevant) ceiling height. How to Use a Commercial Lease Agreement Commercial lease agreements are different from residential lease agreements. Security Deposit (15) Waiving The Security Deposit. Download: Adobe PDF, MS Word, OpenDocument Garage (Parking) Rental Agreement – Space that is to be used by parking a vehicle. Option To Renew (33) Lessee May Not Renew. Owners, operators, lessors, and lessees of commercial properties are all responsible for ADA compliance. This signature along with the Lessee’s signature date and printed name should be provided as a Notary Public observes. Step 7 – Conduct a Credit Check (Business + Individual) Unless you are dealing with an established company chances are that you will be dealing with an entrepreneur or small business. The amount of money the Lessor expects from the Lessee as a rent payment should be written out then numerically presented to the spaces in Article VI. Step 9 – Determine the Security Deposit Once the tenant has been approved by the landlord the Security Deposit should be made known to the tenant. Therefore, it is useful to see what other properties have rented for in your area. Once this contract is signed, this will be the premises the Lessee shall pay to occupy. A commercial lease is between a landlord and a tenant seeking to rent space for business purposes. How to Lease Commercial Property (11 steps) The process of renting commercial space depends on the type of property such as office, retail, or industrial. Additional Terms & Conditions (44)
Sample 1

Related to Modified Payments

  • Required Payments Unless otherwise provided in this Agreement, any payment of Tax required shall be due within 30 days of a Final Determination of the amount of such Tax.

  • Delayed Payments The Parties hereto agree that payments due from one Party to the other Party under the provisions of this Agreement shall be made within the period set forth therein, and if no such period is specified, within 30 (thirty) days of receiving a demand along with the necessary particulars. Unless otherwise specified in this Agreement, in the event of delay beyond such period, the defaulting Party shall pay interest for the period of delay calculated at a rate equal to 5% (five per cent) above the Bank Rate, and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.

  • Deferred Payments “Deferred Payments” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Permitted Payments Hedging Liabilities

  • Returned Payments If after receipt of any payment which is applied to the payment of all or any part of the Obligations (including a payment effected through exercise of a right of setoff), the Administrative Agent or any Lender is for any reason compelled to surrender such payment or proceeds to any Person because such payment or application of proceeds is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any other reason (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion), then the Obligations or part thereof intended to be satisfied shall be revived and continued and this Agreement shall continue in full force as if such payment or proceeds had not been received by the Administrative Agent or such Lender. The provisions of this Section 2.21 shall be and remain effective notwithstanding any contrary action which may have been taken by the Administrative Agent or any Lender in reliance upon such payment or application of proceeds. The provisions of this Section 2.21 shall survive the termination of this Agreement.

  • Restricted Payments Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that:

  • Refused Payments We reserve the right to refuse to pay any Receiver. We will attempt to notify the Sender promptly if we decide to refuse to pay a Receiver designated by the Sender. This notification is not required if you attempt to make a prohibited payment under this Agreement.

  • Restricted Payments, etc On and at all times after the Effective Date:

  • Estimated Payments During each calendar year or partial calendar year after the Base Year, in addition to Monthly Rent, Tenant shall pay to Landlord on the first day of each month an amount equal to one-twelfth (1/12) of the product of Tenant's Share multiplied by the "Estimated Operating Expenses" (defined below) for such calendar year. "Estimated Operating Expenses" for any calendar year means Landlord's reasonable estimate of Operating Expenses for such calendar year, less the Operating Expenses for the Base Year and shall be subject to revision according to the further provisions of this Section 5.2 and Section 5.3. During any partial calendar year, Estimated Operating Expenses shall be estimated on a full-year basis. During each December in which this Section 5.2 is applicable, or as soon after each December as practicable, Landlord shall give Tenant written notice of the Estimated Operating Expenses for the ensuing calendar year. On or before the first day of each month during the ensuing calendar year (or each month of the Term if the Term will expire before the end of the calendar year), Tenant shall pay to Landlord one-twelfth (1/12) of the product of Tenant's Share multiplied by the Estimated Operating Expenses for such calendar year; however, if such written notice is not given in December, Tenant shall continue to make monthly payments on the basis of the prior year's Estimated Operating Expenses until the month after such written notice is given, at which time Tenant shall commence making monthly payments based upon the revised Estimated Operating Expenses. In the month Tenant is first required to make a payment based upon the revised Estimated Operating Expenses, Tenant shall pay to Landlord for each month which has elapsed since December the difference between the amount payable based upon the revised Estimated Operating Expenses and the amount payable based upon the prior year's Estimated Operating Expenses. If at any time or times it reasonably appears to Landlord that the actual Operating Expenses for any calendar year will vary from the Estimated Operating Expenses for such calendar year, Landlord may, by written notice to Tenant, revise the Estimated Operating Expenses for such calendar year, and subsequent payments by Tenant in such calendar year shall be based upon such revised Estimated Operating Expenses.

  • Deferred Payment “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

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